San Marco Buck Presentation - 2020-05-20

1. A Canadian mineral exploration
company, focused on developing a
resource at the Buck Project located
in central British Columbia.
MAY 2020| SANMARCOCORP.COM | TSX-V: SMN

2. 2MAY 2020
FORWARD LOOKING STATEMENTS
Forward-Looking Information
Statements contained in this presentation that are not historical facts are forward-looking statements, which involve risks, uncertainties and other
factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Factors that could
cause such differences, without limiting the generality of the following, include: risks inherent in exploration activities; volatility and sensitivity to
market prices; volatility and sensitivity to capital market fluctuations; the impact of exploration competition; the ability to raise funds through private
or public equity financings; imprecision in resource and reserve estimates; environmental and safety risks including increased regulatory burdens;
unexpected geological or hydrological conditions; changes in government regulations and policies, including trade laws and policies; failure to obtain
necessary permits and approvals from government authorities; weather and other natural phenomena; and other exploration, development,
operating, financial market and regulatory risks. Except as required by applicable securities regulation, San Marco Resources Inc. (SMN) disclaims any
intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
National Instrument 43-101 Disclosure
This presentation has been approved by San Marco's Executive Director, Robert D. Willis, P. Eng. a "Qualified Person" as defined in National
Instrument 43-101, Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators. Other than the historical information, Mr.
Willis has verified the technical information contained in this presentation. This Presentation includes technical information that was generated prior
to the introduction of National Instrument 43-101. Details of the sampling methods, handling, and quality control methods used in the generation of
this historical technical data are unknown to San Marco, and the drill material, assay results, true width of intercepts herein cannot be and have not
been verified by the Company’s Qualified Person for the purposes of National Instrument 43-101.
Quality Assurance & Quality Control
San Marco has implemented a quality assurance and quality control programs to ensure sampling and analysis of all exploration work is conducted in
accordance with the best possible practices. All sampling programs are carried out in a careful and diligent manner using scientifically established
sampling practices designed and tested to ensure that the results are representative and reliable. Quality control programs appropriate to the type of
sample and the mineralization are implemented, including such measures as external blanks, standards and duplicate samples. The security of
samples from sample acquisition to analysis is a vital component of the sampling process. Procedures include the use of secure core logging, sampling,
storage and preparation facilities as appropriate and the prompt, secure and direct shipping of samples to the laboratories. Appropriate sample
security procedures are employed given the geographic and topographic conditions and the logistics created by the site location.

3. 3
MANAGEMENT & DIRECTORS
R. Stuart (Tookie) Angus
Chairman and Director
Former head of Global Mining Group at
Fasken Martineau. Former director of First
Quantum Minerals, Canico Resources,
Bema Gold, Ventana Gold & Nevsun.
Robert D. Willis, B.Sc., P.Eng
Executive Director
Geological engineer; founder of Geologix
Resources, Manhattan Minerals and Pioneer
Metals.
Andrew Carstensen, P.Geo
Director
Vice President Exploration at Luminex
Resources and Chief Geologist for Lumina Gold.
Craig B. Prenter, CGA, CPA
Director
Partner at Manning Elliott LLP, Accountants
& Business Advisors.
Brian Lock
Director
Director of Castle Peak Mining and CEO
& Director of Scorpio Gold.
Sharyn Alexander, M.Sc., ADGIS
Vice President, Technical Services
Geologist with over 15 years of experience.
Prior experience includes positions at
B2Gold, Barrick Gold (Australia), and
SRK Consulting.
Fernando J. Costa, CPA, CA
CFO
Assurance partner of Manning Elliott LLP.
Michael F. Provenzano, LLB
Corporate Secretary & Legal Counsel
Partner at Manning Elliott LLP, Accountants
& Business Advisors.
COMMITTED MANAGEMENT TEAM WITH EXTENSIVE EXPERIENCE,
A PROVEN TRACK RECORD IN RESOURCE DISCOVERY & BUSINESS DEVELOPMENT,
A FOCUS ON ENVIRONMENTAL AND SOCIAL RESPONSIBILITY MAY 2020

4. 4
SHARE STRUCTURE AS OF MAY 12, 2020
Outstanding Shares 32,890,731
Warrants (1.) (2.) 7,095,186
Options (3.) 3,066,667
Fully Diluted 43,052,584
Cash and Receivables ~$700,000 CDN
Debt None
52 week high/low $0.31/$0.09
Insider Ownership 15%
(1) 3,738,334 units at a price of $0.12 per unit. Each unit was comprised of one share and one warrant to purchase one common share for three years at a price of $0.20 for
the first two years and $0.25 for the third year.
(2) 2,906,852 units at a price of $0.135 per unit. Each unit consisted of one common share and one-half of one common share purchase warrant. Each whole warrant
entitles the holder to purchase one common share for $0.20 until February 19, 2023. If, after June 19, 2020, the closing price of San Marco’s shares is at least $0.40 per
share for 10 trading days, San Marco may accelerate the expiry of the warrants to 30 calendar days after the expiry of that 10 trading day period.
(3) Options are exercisable at prices varying from $0.18 to $0.60 per share.
MAY 2020

5. 5
100% optioned, 15,000 ha property near
Houston, B.C.
Year-round exploration, excellent road
access
Phase 1 drilling of 1,806 metres
completed, intersecting wide zones of
continuous gold mineralization
Very consistent gold and silver grades
intersected at shallow depths, some of
which are projected to surface
Mineralization is hosted in highly clay
altered, fractured, brecciated volcanic
tuffs, as wide disseminated zones and
high-grade veins
Potential bulk tonnage gold/silver/zinc
exploration target
Multiple unexplored targets within
tenure package
BUCK PROPERTY AT A GLANCE
MAY 2020

6. 6
BUCK PROPERTY STRATEGIC LOCATION
LOCATION, LOCATION, LOCATION!
Developed infrastructure nearby – railway, power, major highway
Local, experienced workforce
Year-round exploration road access
Well defined permitting process
Close proximity to Equity Silver Mine (Centerra Gold), Huckleberry
(Imperial Metals Corporation), and Blackwater (New Gold)
MAY 2020

7. 7
Large 15,000 ha property
Historic exploration includes
geophysics, geochemistry, geological
mapping, drilling and trenching
Significant geophysical and
geochemical anomalies identified
Multiple unexplored targets within
the property
Five-year exploration permit in place
BUCK PROPERTY OVERVIEW
MAY 2020
PHASE 1
DRILLING
AREA
PHASE 1
DRILLING
AREA
Airborne Geophysics (TMI) from HDI
EXPLORATION
TARGET
EXPLORATION
TARGETS
EXPLORATION
TARGETS

8. PHASE 1 DRILLING HIGHLIGHTS
1,806 metres of diamond drill
core over a total of five holes
Three of the five holes
intersected mineralization
deeper then historic holes
Gold mineralization is hosted in
highly clay altered, fractured,
brecciated volcanic tuffs, as wide
disseminated zones and high-
grade veins
Horseshoe
Zone
Adit
Zone
8MAY 2020

9. 9
BUCK PROPERTY SIGNIFICANT INTERCEPTS
MAY 2020
91 metres of 0.80 g/t AuEq** within 156
metres of 0.63 g/t AuEq, including 33
metres of 1.01 g/t AuEq
81 metres of 0.78 g/t AuEq within 200.7
metres of 0.51 g/t AuEq, including 44
metres of 1.01 g/t AuEq
2.15 metres of 6.3 g/t Au and 10.0 g/t Ag,
including 0.3 metres of 20.7 g/t Au and
48.9 g/t Ag (within 4 metres of the bottom
of BK20-002)
• * Widths are drill core length. Insufficient drilling has been undertaken to determine true
widths at this time.
• Average grades are weighted by width and calculated with uncapped gold assays.
• Average widths are calculated using a 0.2 g/t gold equivalent cut-off grade with less than five
continuous metres of internal dilution below cut-off grade.
• ** Gold equivalent (AuEq) values were calculated using a gold price of US$ 1,600 per ounce
and a silver price of US$ 15 per ounce. Gold equivalent values were calculated using the
following formula: AuEq = (Au g/t) + (Ag g/t) x (15/1600).
• Gold equivalent assumes 100% recoveries.
Hole From (m) To (m) Width* (m) AuEq (g/t) ** Au (g/t) Ag (g/t) Zn (pct)
BK20-001 102.30 303.00 200.7 0.51 0.48 3.7 0.2%
including 153.80 281.00 127.2 0.62 0.58 4.1 0.2%
and including 157.45 238.00 81 0.78 0.73 4.9 0.2%
and including 192.00 236.00 44 1.01 0.96 5.1 0.2%
and including 224.00 228.88 4.88 2.62 2.54 8.3 0.6%
BK20-002 101.00 257.10 156.1 0.63 0.59 4.3 0.5%
including 111.00 202.00 91 0.80 0.75 5.6 0.5%
and including 111.00 113.00 2 4.19 4.08 11.2 1.2%
and including 152.10 153.60 1.5 1.66 1.62 4.5 1.2%
and including 169.00 202.00 33 1.01 0.94 7.4 0.7%
and including 181.00 202.00 21 1.09 1.02 8.0 0.7%
including 248.40 252.00 3.6 2.04 1.99 5.5 1.4%
and 335.90 337.00 1.1 5.69 5.55 14.9 0.0%
and 414.50 415.00 0.5 6.21 5.75 49.3 0.2%
and 424.65 426.80 2.15 6.40 6.30 10.0 0.0%
including 426.50 426.80 0.3 21.16 20.70 48.9 0.0%
BK20-003 134.35 134.65 0.3 5.75 5.37 40.4 3.6%
BK20-004 220.85 221.20 0.35 2.74 2.61 14.0 2.7%
and 272.00 274.00 2 3.10 3.06 4.5 0.3%
BK20-005 165.80 188.80 23 0.63 0.32 33.2 0.4%
including 165.80 172.10 6.3 1.08 0.46 65.4 0.5%
and 214.00 304.50 90.5 0.35 0.30 5.1 0.4%
including 252.00 304.50 52.5 0.39 0.33 6.1 0.5%
and including 262.00 281.00 19 0.51 0.41 10.9 0.6%
• For complete results, see our News Release from May 12, 2020

10. 10MAY 2020

11. 11MAY 2020

12. 12MAY 2020
Comparable Geology:
Blackwater Gold Project
Located ~170 km SE of Buck in
Central British Columbia
Wide continuous zones of gold
mineralization
Proven and Probable Mineral
Reserves total 344.4 Mt grading
0.74 g/t Au and 5.5 g/t Ag
Similar geology and alteration
(Source: NewGold Summary of Mineral Reserve and Mineral
Resources, December 31, 2019)
BUCK PROPERTY ANALOGUE

13. 13
BUCK PROJECT NEAR TERM EXPLORATION STRATEGY
Continue to compile and analyze drill results
and assays
Mobilize a field crew to the property in about
three weeks
Commence exploration activities including
detailed mapping and sampling, and
prospecting new areas radiating out from
current drill location
Re-interpret historical geophysical data to be
used to assist in new drill target generation
Utilize knowledge gained from Phase 1 drilling
to identify additional high-priority targets on
the property
Focus on environmental and social
responsibility to generate positive outcomes
for all stakeholders
MAY 2020

14. Corporate Inquiries:
Robert Willis, B.Sc, P.Eng.
Executive Director
rwillis@sanmarcocorp.com
Corporate Office:
Suite 488 – 625 Howe St
Vancouver, BC, V6C 2T6
Sharyn Alexander, M.Sc.
Vice President, Technical Services
salexander@sanmarcocorp.com
MAY 2020| SANMARCOCORP.COM | TSX-V: SMN

15. ACQUISITION TERMS TO EARN 100%
Upon signing at Exchange approval (October 9th, 2019):
$25,000 cash | 250,000 shares of San Marco
First Anniversary October 9, 2020:
$25,000 cash | 400,000 shares of San Marco
Second Anniversary October 9, 2021:
$25,000 cash | 500,000 shares of San Marco
Third Anniversary October 9, 2022:
$25,000 cash | 750,000 shares of San Marco
Fourth Anniversary October 9, 2023:
$50,000 cash | 1,000,000 shares of San Marco
Fifth Anniversary October 9, 2024:
$150,000 cash | 1,100,000 shares of San Marco
An additional 4,000,000 shares of San Marco is payable upon the earlier of completion
of a bankable feasibility study or the eighth anniversary of the Effective Date.
15MAY 2020